topic Re: 1099 form on a past SOL Debt?? Can they do that?? in Rebuilding Your Credit

1099 form on a past SOL Debt?? Can they do that??

LIGHTNIN — Wed, 28 Oct 2009 23:34:58 GMT

I recieved a call today, wanting info about me to file a 1099 tax form on a past debt.

I dont have a debt that in within SOL right now.

I know a 1099 is to report a write off as income, But can they do this if it's post SOL??

It came up as private caller, and i think she said she was with CSC, unsure? Does anyone know who CSC is?

thanks

Re: 1099 form on a past SOL Debt?? Can they do that??

llecs — Thu, 29 Oct 2009 02:24:24 GMT

I don't recognize the CA, but I don't think SOL matters. SOL is based on state law and a 1099-C is based on the federal tax code. Two different things. IMO, I'd pull your CRs directly from the CRA to look for hard or soft inquiries that might link back to this CA. I'd ignore all calls and certainly not answer any questions. And I'd start googling this CA, if more info comes available.

Re: 1099 form on a past SOL Debt?? Can they do that??

Anonymous — Thu, 29 Oct 2009 20:46:09 GMT

I have looked into this, and they shouldnt have had to ask you anything about filing a 1099c. They are supposed to have all of the information to file that particular form already. If it is a collection agency, all you would have to do is dispute the debt, if it really did come to anything, because the IRS will not accept 1099c from debt that is in dispute. I am no lawyer, but I have had people try to use this one on me before and I pretty sure it is just a scare tactic that collection agencies use to try to get you to pony up info or money.